Indian startups raise $202 million, over 100% jump from last week IANS Updated: June 15th, 2024, 15:17 IST in Business , Sci-Tech 0 Pic- IANS Share on Facebook Share on Twitter Share on WhatsApp Share on Linkedin New Delhi: The fundraising by the Indian startup ecosystem reclaimed its upward trend this week with nearly $202 billion via 21 deals. This is a massive over 100 per cent rise from last week when the startups secured about $98 million in 10 deals. Also Read Centre slashes windfall tax to Rs 3,250/tonne 4 hours ago From human-centric AI to green era, PM Modi leaves key message for G7 leaders 5 hours ago Cleantech startups maintained the lead, with EV startup Battery Smart raising $65 million led by LeapFrog Investments.
The equity round saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures and British International Investment. Direct-to-consumer (D2C) skincare firm Foxtale raised $18 million in a round led by Singapore-based Panthera Growth Partners. Another beauty and makeup brand, Renee Cosmetics, raised Rs 100 crore (around $12 million) in a Series B funding round led by existing investors Evolvence India and Edelweiss Group.
The current funds were raised at a valuation of Rs 1,200-1,400 crore. In another major news, quick grocery delivery platform Zepto is set to raise nearly $650 million from existing and new investors. According to sources, the funding will take the valuation of Blinkit’s cl.
